The USDCAD resumes rising – Analysis - 02-05-2019
Economies.com
2019-05-02 04:06AM UTC
The USDCAD pair bounced upwards clearly after testing 1.3382 level yesterday, to test the EMA50 and settles above it, which supports the expectations of continuing the bullish trend on the intraday and short term basis, waiting to surpass 1.3500 level to confirm extending the bullish wave towards 1.3700.
We should note that breaking 1.3382 and holding below it will put the price under the negative pressure again, to target testing 1.3275 areas initially.
The expected trading range for today is between 1.3380 support and 1.3520 resistance.
The expected trend for today: Bullish
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